SIRI DAILY THREAD Friday 08-02-2013

Morining SIRILAND!

PM looking good so far. Maybe we get a little break to the upside today for a retest and possible break of recent highs. We have certainly had enough positives to propel us a bit. Time for the dog to start pounding!!

Jobs numbers not so good. The underlying economy is deteriorating. It's just a matter of time before we see a correction. My main concern is when the market completely disregards Bernanke's efforts to prop it up. Then we are in deep sheet. Good Luck!!!

Jobs numbers not so good. The underlying economy is deteriorating. It's just a matter of time before we see a correction. My main concern is when the market completely disregards Bernanke's efforts to prop it up. Then we are in deep sheet. Good Luck!!!

Good morning Midas!

I don't think the underlying economy is "deteriorating" as much as it is growing more slowly than it should in a "strong" recovery. Could this be the "new" normal, maybe. Too many people dependent on the government, not enough incentive to go out and get a job. Weekly claims at multi year lows does not suggest deterioration......162k, a miss suggests slow growth.

Hey Wolf, where's that vid about the end of the month Payday...forgot the name of that song....funny video